Market View: Oil Above $100, AI Mania and Trump-Xi Deal Optimism

Can diplomacy keep markets calm while oil, inflation and AI euphoria all surge at once? Asia-Pacific markets look set for a cautiously positive open after Wall Street rallied on growing optimism around the Trump-Xi summit in Beijing. Market View unpacks why investors are cheering signs of renewed US-China economic cooperation even as oil prices jump back above US$100 a barrel amid Strait of Hormuz tensions. We dive into President Donald Trump’s claim that China will buy more American oil, why Boeing shares still fell despite a major 200-plane China order, and what that says about expectations-driven markets in 2026. Meanwhile, AI remains the dominant force on Wall Street explore Cerebras Systems’ blockbuster IPO debut, rising Treasury yields, sticky inflation pressures and why markets are increasingly balancing optimism about growth against deep concerns about geopolitics and energy shocks.See omnystudio.com/listener for privacy information.